School of Veterinary Medicine Eligible to Award US Department of Education Loans

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St. George’s University School of Veterinary Medicine has been granted a provisional certification for Title IV Federal Funding from the US Department of Education. The University will now be able to award qualified US veterinary students with federal student loans and in-school deferments, helping to lower the total debt incurred by students enrolled in a four-year DVM program. Universities and colleges newly approved by the US Department of Education are initially certified on a provisional basis.

Last week, Chancellor Charles Modica announced the news to members of the SGU community via e-mail, and there have been a flood of positive responses. Many students are relieved and excited that their dreams of earning their doctorate of veterinary medicine degree are now within reach. “St. George’s University School of Medicine has been eligible for federal funding for over 20 years. Now the School of Veterinary Medicine is following suit, emerging as an equally competitive academic program,” stated Chancellor Modica.

Veterinary medical institutions and associations worldwide, as well as prospective students, are recognizing the benefits of St. George’s DVM program’s 6-to-1 student-faculty ratio, early hands-on clinical experience, and on-campus animal hospital and farm. In addition, the School of Veterinary Medicine is listed with the American Veterinary Medical Association (AVMA) and is currently in review for accreditation.

“St. George’s DVM program adheres to the same standards and offers even greater hands-on clinical experience than many US veterinary colleges,” said Chancellor Modica. “The US loans will allow many more students to view St. George’s University as a viable option for their education.”

Students currently enrolled who entered as of August 2010 will be eligible to apply retroactively for Title IV loans. In order to be considered for the Title IV Federal Funding, veterinary students must meet the following federal student aid eligibility criteria:

  • Must be a US citizen/permanent resident or eligible noncitizen
  • Must be in good academic standing
  • Must not be in default on any federal student loans
  • Grad Plus eligibility based on no adverse credit history
  • Clinical training must be completed at a US veterinary school

Director of Financial Aid, Diane Beltrani, initally advised current and prospective students to wait for further instructions and information regarding the loans as the school code for the Free Application for Federal Student Aid (FAFSA) had not been activated by the US Department of Education. Our School of Veterinary Medicine federal code, G39743, is now active and students can begin the application process. “The ability to award federal student loans is a long-awaited and well-deserved milestone,” said Beltrani. “These loans will provide students who wish to pursue veterinary medicine the confidence in their ability to fund their education.”

“Due to the economic downturn over the past few years, it was becoming more and more difficult for many bright and qualified students to obtain affordable loans for the veterinary program. This announcement changes that,” commented Jeffrey Bates, Director of Veterinary Enrolment. “The approval to award US Department of Education funded loans gives our current and future students a better opportunity to obtain lower interest loans and fulfill their lifelong dreams of becoming a veterinarian.”

About St. George’s University School of Veterinary Medicine
Over the past decade, the School of Veterinary Medicine has trained more 500 veterinarians who are practicing in countries around the world. It is listed with the American Veterinary Medical Association (AVMA) and is currently in review for accreditation. St. George’s University has remained committed to its goal to provide a quality education accessible to all students who wish to pursue higher education. Additionally, veterinary students have the opportunity to complete their final clinical year with clinical affiliations with 23 of the 28 US veterinary schools, two of five Canadian schools, two of seven UK veterinary programs, as well affiliations in Ireland and Australia. Federal funding by the US Department of Education will further that goal and allow students to pursue their dreams of practicing in the field of veterinary medicine.